is it forming an ugly head and shoulders, page-78

Firstly thanks for the wornderful work "atlunch".

If we analyse your chart between 1983 to 1985 market did not move any where for 5 years. Fundamentally it make sense too

1) Unemployment in USA is highest ever seen and still rising.

2) It is the "DISPOSABLE INCOME" which drives any economy forward. I believe "disposable income" will drop drastically as time passes. "BILLS NEED TO BE PAID FIRST".

3) No one wants to give loan to unemployed. SO less money in circulation.

4) History tells that Nikkei still struggling to come close to 1991 level.

However,it is share market: Anything is possible